Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.21750 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.21750 support and resistance area. Trade safe, Joe.
It turned out that GBPUSD violated one more key daily structure support and closed below that. The next key structure that I see is 1.2010 - 1.2055 area. That will most likely be the next goal for the sellers. For shorting, consider the contracting area based on a falling trend line and a broken structure. ❤️Please, support my work with like, thank you!❤️
GBPJPY got flatly rejected on our last idea as it peaked on the HH trendline and crossed under the 1D MA50 (chart at the bottom of the analysis). Even the Channel Up broke downwards and the 1D technical outlook is bearish (RSI = 38.762, MACD = -0.520, ADX = 38.784) officially. A new Channel Down has emerged, which shifted the 4H MA50 to a Resistance after the...
Hey Traders, in today’s trading session we are monitoring GBPJPY for a buying opportunity around 180.800 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 180.800 support and resistance area. Trade safe, Joe.
Hey Traders, in today’s trading session we are monitoring GBPCAD for a selling opportunity around 1.64800 zone, GBPCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend st 1.64800 support and resistance area. Trade safe, Joe.
The GBPAUD pair has broken below the first Channel Up (dotted lines) and in extension the 1D MA100 (green trend-line). Currently it is testing the bottom of the second (and final) Channel Up (blue). Technically that is the most optimal level to buy for the medium-term and target 1.997800 (Resistance 1). On top of that, the 1D RSI bounced back after becoming...
Sell GBPJPY Bearish Pennant GBP/JPY - M30 Chart - Price breaks the bearish pennant pattern now, Its good chance to sell now. Thank you
I think its the end of the weekly pullback and continue the uptrend. On the right chart u see my 30min timeframe for entry / tp /sl. Left chart higher timeframes for important levels. 131 pips move
GBPUSD looks quite oversold. The pair is under a strong bearish pressure for many days. The market is currently testing a solid key daily support. Analysing the intraday perspective, I spotted a falling wedge pattern on an hourly t.f. Bullish breakout of the resistance of the wedge will be a strong bullish confirmation. A pullback will be anticipated then...
GBPUSD hit the bottom of the prolonged Channel Down pattern, reaching extreme oversold technical levels on the 1D timeframe (RSI = 21.119, MACD = -0.012, ADX = 59.945). The 4H MACD is approaching the formation of a Bullish Cross, and prior price action shows that when formed this low, it always rebounds and hits at least the 1D MA50. We are on an early long...
Hello traders, There is one entry and 2 TPs for Pound-Aussie Levels calculated order_block, regarding support and resistances, channel and pivot points.
🔸Hello traders, let's review the 4 hour chart for GBPCHF today. Recently price was locked inside distribution trading range and subsequently it broke down below key s/r level near 1250 and hit 1050. Expecting limited upside and reversal off the premium prices overhead. 🔸Short-term expecting final pump into overhead resistance / premium prices near 1200/1220,...
Buy GBPJPY Triangle Pattern M30 chart - price breaks the triangle pattern its good chance to buy, Thank you
GBPNZD experienced a substantial drop, recently reaching levels below the previous lows. There's a possibility it could recover, aiming for at least the last high.
Hello traders, We don't long before breaks of trendline and we don't short over 1.1050 Wait for setups after the break! In this post, updates would be included. Levels calculated order_block, regarding support and resistances, channel and pivot points.
EURGBP is trading within a wide horizontal range on a daily. Its upper boundary was reached last week. Analyzing the reaction of the price to that, we can spot a narrow horizontal range on an hourly time frame. Its support has just been broken - it is an important sign of strength of the sellers. I anticipate a further decline now to 0.8666 / 0.865 ...
GBPCHF Channel: RED WK Pivot: RED AOB: EMA10 CON: IB SELL Stop: 1.10826 Stop Loss: 1.11263 TP01: 1.10389 TP02: 1.09515 DWR present as a sell setup on 25SEP, with Channel and Pivot are red bouncing of EMA10 However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable SPX500: BUY DXY: SELL OIL: SELL ...
Demand set up on GBPCHF for a long position. Take profit 1 at 1:1 and leave a runner.